The important thing that I am seeing is that the markets on both Commsec and Chi-X have absorbed sales of 44 million @ .008 and are holding @ .008.
I'm sure that potential newbies are (wrongly) scared off by the (what they think is) a huge Issued Cap of near 4 billion. A close examination of that will tell that there are barely 600 largish (above 100,000 shares) holders who "might" be sellers, but, have waited this long and likely to hold for a while longer. Nearly 60% of the IC is held by the Top 20 and I'm pretty sure that they won't be getting out for a cent after holding for this long.
SIs and contractors have certainly had their chance to grab those 100 and 133% profits. Visible Buy side much stronger than Sell side.
LNY Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
